Metaplanet’s $5.4B Bitcoin Gamble: A Bid to Gobble Up 1% of Supply by 2027
Tokyo-based investment firm Metaplanet just dropped a bombshell—a $5.4 billion plan to hoard Bitcoin like digital gold. Their target? A staggering 1% of the entire BTC supply within two years. Cue the Wall Street eye-rolls.
Why the frenzy? The firm’s betting big on Bitcoin’s scarcity narrative, doubling down while traditional finance still clutches its pearls. 'Diversification' or desperation? Either way, they’re all-in.
If they pull this off, Metaplanet would join the ranks of crypto whales like MicroStrategy—proving once again that in finance, the bold either retire early or become cautionary tales.
TLDR
- Metaplanet has announced a $5.4 billion capital raise to purchase Bitcoin.
- The company plans to acquire 210,000 BTC by the end of 2027.
- This target represents about 1 percent of Bitcoin’s total supply cap.
- Metaplanet will issue up to 555 million new shares through moving strike warrants.
- The funds raised will be used exclusively for Bitcoin acquisitions.
Metaplanet Inc. has launched a $5.4 billion capital raise to accelerate its Bitcoin (BTC) acquisition plan through 2027. The company targets holding 210,000 BTC, equivalent to 1% of Bitcoin’s total supply. This strategic move positions Metaplanet as Asia’s largest corporate Bitcoin holder by market value.
Metaplanet Expands Share Issue for Bitcoin
Metaplanet’s new plan clearly targets accumulating 210,000 BTC within three years through structured equity expansion. The firm plans to raise capital using a unique equity model known as the Metaplanet structure bill. This marks Japan’s first issuance of moving strike warrants specifically for digital asset acquisition.
*Metaplanet Issues 555 Million Shares of Moving-Strike Warrants, Expected Proceeds: ~$5.4b to Buy Additional $BTC; Largest Stock Acquisition Rights Issuance in Japan Capital Markets History & 1st Moving Strike Warrant Ever Issued Above Market* pic.twitter.com/ZgwiRE3GmU
— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025
The warrants will allow Metaplanet to issue up to 555 million shares above market price to secure the necessary capital. Combined with 210 million previously issued shares under the “21 Million Plan,” total authorized shares will exceed 765 million. The company aims to reach 100,000 BTC by the end of 2026 and complete its target by 2027.
This plan is similar to Strategy’s approach but features more aggressive timeframes and funding instruments. As of June 2025, Metaplanet holds 8,888 BTC, nearing its earlier goal of 10,000 BTC. Its current holdings already place it among the top public bitcoin holders globally.
Capital Raise Uses Japan’s First Moving Strike Warrants
The Metaplanet structure bill enables the company to raise funds with minimal dilution and attract strategic long-term backers. Each warrant is structured to activate only if the share price rises above a specified threshold. This mechanism aligns with shareholder interests while providing leverage for digital asset accumulation.
Funds raised will be allocated solely to Bitcoin purchases, reinforcing the company’s single-asset strategy. Backed by zero-interest bonds and institutional partners like Evo Fund, Metaplanet aims to maintain a strong funding pipeline. The company plans to issue the warrants in phases aligned with Bitcoin market conditions.
This capital strategy sets a precedent in Asian financial markets, utilizing innovative financial tools for blockchain asset acquisition. The structure allows Metaplanet to maintain capital discipline while executing its aggressive buying schedule. Market response to the warrant strategy has supported the company’s ongoing valuation growth.
Metaplanet’s share price has gained over 285% year-to-date, signaling strong support for its Bitcoin-centric roadmap. Its Bitcoin portfolio now exceeds $1 billion in value, achieving a yield of 225.4% since the beginning of the year. The firm’s stock performance reflects confidence in its structured approach and capital execution.
